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VERMONT MUTUAL GROUP

All other payments should be mailed to:

For Direct Bill Inquires

Si nce 1828

Phone/Fax/E-Mail Call: (800) 231-7820 Fax: (802) 229-7621 E-Mail: [email protected] Visit www.vermontmutual.com to make an EFT payment.

PO Box 188 Montpelier, VT 05601-0188

Direct Bill Guide

Overnight payments should be mailed to:

Mail payments with the remittance copy of the bill to:

PO Box 113 Brattleboro, VT 05302-0113

89 State Street Montpelier, VT 05602

Single Policy Pay Plans

PAY PLANS

1-Pay Plan 100% will be due 20 days from the policy issuance, or by the effective date of the policy, whichever is later. 2-Pay Plan 1. 50% will be due 20 days from the policy issuance, or by the effective date of the policy, whichever is later. 2. The remaining 50% will be due 153 days from the effective date of the policy. 4-Pay Plan 1. 25% will be due 20 days from the policy issuance, or by the effective date of the policy, whichever is later. 2. The three remaining installments of 25% each will be due 66, 153, and 244 days from the effective date of the policy. 9-Pay Plan 1. 20% will be due 20 days from the policy issuance, or by the effective date of the policy, whichever is later. 2. The eight remaining installments of 10% each will be due 45, 82, 118, 154, 191, 227, 264, and 300 days from the effective date of the policy.

· Any checks that are returned due to insufficient funds will be charged an additional fee. · There is so service charge for revised or endorsement bills.

IMPORTANT: If you do not specify a Pay Plan, the 4-Pay Plan will be used.

Miscellaneous Pay Plan Information For A Single Policy

New Issue/Renewal 1. 20% will be due by the specified billing day of the first month of the policy period, or 20 days from the policy issuance, whichever is later. 2. 8.89% will be due monthly by the specified billing day of the 2nd through 9th months of the policy term. 8.88% will be due by the specified billing day of the 10th month of the policy term.

Pay Plan Eligibility

Personal Umbrella · 2-Pay Plan only All Other Policies · Policy Premium less than $500 may have the option of 1, 2, or 4 Pay Plans. · Policy Premium more than $500 may have the option of 1, 2, 4, or 9 Pay Plans.

Service Charges

· Payment Plan options include a $4.00 service fee for certain installments.

Converted Policies Policies in good standing may be converted to a monthly pay plan anytime during their policy period. They will automatically be calculated to determine the · Each bill will offer the option of paying a minimum percentage that is due at the time of conversion, due installment or the remaining balance due. based upon the percentages listed previously and will · A balance of more than $5.00 for the prior term will invoice on the specified billing day. be billed separately, and, if not paid, will be included on the bill for the current term. Service Charges · Depending on the date of the policy issuance, the · Payment Plan options include a $4.00 service fee first and second installment may be combined and for certain installments. due at the same time. · Any checks that are returned due to insufficient · Bills will only be sent to one address. funds will be charged an additional fee. · Cancellation notices for non-payment will be sent to Miscellaneous Pay Plan Information For Account Bill parties that we are legally obligated to notify in accordance with applicable state cancellation/non- · Each bill will list the individual policies and will offer the option of paying in installments or the remaining renewal statutes. balance due. Any amount between the minimum · Automatic reinstatement for non-payment will occur if due and the remaining balance may be submitted the payment is received by the cancellation date and for payment on an account. is enough to extend premium equity. The · A balance of more than $5.00 for the prior term will minimum amount due must be paid or the policy be included on the bill for the current term. will be cancelled. · Depending on the date of the policy issuance, the · Cancel Confirmation notices will be generated first and second installment may be combined and when final cancellation occurs for any reason and due at the same time. will only be sent to the agency. · Bills will only be sent to one address. In For A Single · Cancellation notices for non-payment will be sent to parties that we are legally obligated to notify in Account Bill Plan accordance with applicable state cancellation and nonrenewal statutes. Two or more policies may be combined and changed to · Automatic reinstatement for non-payment will occur if this pay plan at anytime during their policy term. An the payment is received by the cancellation date account bill application must be completed by the and it is enough to extend premium equity. The agency and sent to Vermont Mutual Group. minimum amount due must be paid or the policy will Commercial Lines and Personal Lines policies may be cancelled. be combined into an account bill, as well as policies from all companies in the Vermont Mutual Group. Bills · Cancel Confirmation notices will be generated when final cancellation occurs for any reason and will only will only be sent to one address and premiums will be be sent to the agency. due 20 days from invoicing date.

Information

VERMONT MUTUAL GROUP

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